Welltower (NYSE:WELL) Issues FY24 Earnings Guidance

Welltower (NYSE:WELL) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $4.02-4.15 for the period, compared to the consensus estimate of $4.06.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on WELL shares. BNP Paribas started coverage on Welltower in a research report on Monday, March 18th. They issued an outperform rating and a $104.00 price target for the company. KeyCorp raised their target price on shares of Welltower from $90.00 to $95.00 and gave the stock an overweight rating in a report on Friday, January 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Welltower in a report on Tuesday, January 30th. They set a buy rating and a $115.00 price target on the stock. Mizuho raised their price objective on shares of Welltower from $90.00 to $98.00 and gave the stock a buy rating in a research note on Wednesday, January 3rd. Finally, Scotiabank cut their target price on Welltower from $97.00 to $96.00 and set a sector outperform rating on the stock in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Welltower currently has a consensus rating of Moderate Buy and an average price target of $95.57.

Welltower Stock Up 1.5 %

Shares of WELL stock traded up $1.44 on Monday, hitting $95.78. The stock had a trading volume of 2,607,306 shares, compared to its average volume of 2,541,818. Welltower has a one year low of $72.47 and a one year high of $95.83. The business has a 50 day moving average price of $92.06 and a 200 day moving average price of $89.47. The company has a market cap of $56.61 billion, a PE ratio of 148.69, a P/E/G ratio of 2.39 and a beta of 1.08. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 0.60.

Welltower (NYSE:WELL) last posted its quarterly earnings results on Tuesday, February 13th. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.94 by ($0.79). Welltower had a net margin of 5.12% and a return on equity of 1.47%. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $0.83 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Research analysts anticipate that Welltower will post 4.05 earnings per share for the current fiscal year.

Welltower Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 7th. Stockholders of record on Friday, February 23rd were issued a $0.61 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.55%. Welltower’s dividend payout ratio is presently 381.25%.

Welltower Company Profile

Welltower Inc (NYSE:WELL), a REIT and S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. Welltower invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience.